Hospira 10-Q 2007 Q3 Quarterly report

Exhibit 12.1

Hospira, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

(dollars in millions except ratios)

	Nine Months
	Ended
	September 30, 2007
Income from Continuing Operations Before Taxes	$	98.1
Add (Subtract):
One-third of rents	4.6
Interest on long-term and short-term debt	102.5
Interest capitalized, net of amortization	5.2
Earnings from Continuing Operations	$	210.5
Fixed charges:
One-third of rents	$	4.6
Interest on long-term and short-term debt	102.5
Interest capitalized	8.3
Fixed Charges from Continuing Operations	$	115.4
Ratio of Earnings to Fixed Charges from Continuing Operations	1.8

For purposes of computing this ratio, “earnings” consist of income from continuing operations before taxes, one-third of rents (deemed by Hospira to be representative of the interest factor inherent in rents), interest expense and interest capitalized, net of amortization. “Fixed charges” consist of one-third of rents, interest expense as reported in the Company’s consolidated financial statements and interest capitalized.

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